U.S. Bancorp
25 named things its latest annual report says its results depend on, each in the company's own words. 19 of them are also named by other companies we've read.
Other companies
BTIG (Condor Trading LP)
up to $1 billionnamed as a riskIn January 2026, the Company announced that it entered into a definitive agreement to acquire BTIG for a purchase price of up to $1 billion, consisting of a targeted amount of $725 million ($362.5 million of cash and 6,600,594 shares of the Company’s common stock) to be paid at closing and up to an additional $275 million of cash consideration payable over three years, subject to achievement of defined performance targets.Business (Item 1)
First American family of funds
subject toThe operations of the First American family of funds, the Company’s proprietary money market fund complex, also are subject to regulation by the SEC, including rules requiring a floating net asset value for institutional prime and tax-free money market funds, permitting the board of directors of the money market funds the ability to limit redemptions during periods of stress (allowing for the use of liquidity fees and redemption gates during such times), requiring funds to hold proportions of their total assets in securities that can be liquidated in one business day and requiring institutional prime and institutional tax-exempt money market funds to impose liquidity fees on investors that redeem their investments during times of stress.Business (Item 1)
Places
Midwest and West United States
concentrated in · 2,075 branches across 26 statesBanking and investment services are provided through a network of branches and banking offices across the United States, primarily in the Midwest and West regions, including 2,075 branches across 26 states as of December 31, 2025.Business (Item 1)
Canada
operates innamed as a riskCanada is in the process of replacing its federal privacy law, the Personal Information Protection and Electronic Documents Act (“PIPEDA”), with a new privacy framework that the Company expects will impose additional compliance obligations on the Company’s Canadian operations.Business (Item 1)
Also named by AAP, AJG, ALL, AMRC, AOS, ARE, BBY, BF/B and 97 more
Commodities and inputs
Regulators
Federal Deposit Insurance Corporation (FDIC)
subject to · $136 million in 2024named as a riskAs a result of this rule, the Company recognized additional noninterest expense of $136 million in 2024 for the FDIC special assessment.Business (Item 1)
Also named by AFRM, BAC, BNY, CASH, CFG, CFR, COF, FCFS and 27 more
Consumer Financial Protection Bureau (CFPB)
subject tonamed as a riskUSBNA and its subsidiaries are subject to supervision and regulation by the CFPB with respect to federal consumer laws.Business (Item 1)
Also named by ABNB, AFRM, ALLY, AN, AUB, AXP, BAC, CASH and 61 more
Federal Reserve
subject tonamed as a riskAs a BHC, the Company is subject to regulation under the BHC Act and to inspection, examination and supervision by the Federal Reserve.Business (Item 1)
Also named by AGNC, AUB, AXP, BAC, CASH, COF, DX, EFSC and 24 more
Office of the Comptroller of the Currency (OCC)
subject tonamed as a riskUSBNA and its subsidiaries are subject to regulation, examination and supervision primarily by the Office of the Comptroller of the Currency (the “OCC”) and also by the FDIC, the Federal Reserve, and the Consumer Financial Protection Bureau (the “CFPB”).Business (Item 1)
Also named by ADP, AMP, AXP, BAC, BLK, C, CASH, CFG and 22 more
Commodity Futures Trading Commission (CFTC)
subject toUnder the Dodd-Frank Act, USBNA, as a CFTC registered swap dealer, is subject to rules regarding the regulation of the swaps marketplace and over-the-counter derivatives, including rules that require swap dealers and major swap participants to register with the CFTC, to meet certain business conduct, document, risk management, recordkeeping, reporting, and segregation requirements, and to centrally clear and trade swaps on regulated exchanges or execution facilities.Business (Item 1)
Also named by AB, ADM, AGNC, AMG, BAC, BGC, BMNR, C and 35 more
Laws and programs
Long-term debt requirement proposal
subject to · 6% of the organization’s risk-weighted assetsnamed as a riskUnder the proposed rule, covered banking organizations would be required to maintain long-term debt in an amount that is equal to the greater of (i) 6% of the organization’s risk-weighted assets; (ii) 3.5% of the organization’s average total consolidated assets; and (iii) 2.5% of the organization’s total leverage exposure, if the organization is subject to the SLR rule.Business (Item 1)
Stress Capital Buffer (SCB)
subject to · 2.6 percentnamed as a riskAs of December 31, 2025, the SCB applicable to the Company is 2.6 percent, a decrease from the SCB of 3.1 percent that applied to the Company at December 31, 2024.Business (Item 1)
Dodd-Frank Act Tailoring Rules (Category III)
subject to · $700 billionnamed as a riskThe Company will continue to be subject to the regulatory capital and liquidity requirements applicable to Category III institutions until otherwise required under the Tailoring Rules (i.e., until the Company’s total average consolidated assets for the then most recent four quarters equal $700 billion or more or the amount of the Company’s average cross-jurisdictional activities for the then most recent four quarters equals $75 billion or more).Business (Item 1)
Liquidity Coverage Ratio and Net Stable Funding Ratio
subject to · 85 percent of the full requirementsUnder the Tailoring Rules and NSFR rule, the Company and USBNA, as Category III banking organizations with less than $75 billion of weighted short-term wholesale funding, qualify for reduced LCR and NSFR requirements calibrated at 85 percent of the full requirements.Business (Item 1)
GENIUS Act
subject tonamed as a riskThe effect of the GENIUS Act on the Company and USBNA will depend on the final form of any regulations and cannot be predicted at this time.Business (Item 1)
Also named by AUB, C, CFR, COF, COIN, CUBI, EWBC, FCNCA and 15 more
Basel III Endgame
subject tonamed as a riskIn addition, under the proposed rule, also subject to a phase-in period, Category III banking institutions, such as the Company, would no longer be permitted to opt out of including certain components of accumulated other comprehensive income in regulatory capital, which would result in unrealized gains and losses on available-for-sale securities being included in the calculation of the Company’s regulatory capital ratios.Business (Item 1)
Executive Order 14331 (Fair Banking Access)
subject tonamed as a riskIn connection with this Executive Order, the OCC conducted a supervisory review of large banks, including USBNA.Business (Item 1)
CFPB personal financial data rights rule
subject tonamed as a riskUSBNA will be prohibited from imposing any fees or charges for maintaining or providing access to or facilitating the transfer of such data.Business (Item 1)
CFPB credit card late fee rule
subject tonamed as a riskThe CFPB has in the past undertaken numerous rule-making and other initiatives, including launching an initiative to reduce the amounts and types of fees financial institutions may charge, including by recently proposing a rule that would significantly reduce the permissible amount of credit card late fees, issuing informal guidance and taking enforcement actions against certain financial institutions.Business (Item 1)
Also named by SYF
Credit card interest rate caps
subject tonamed as a risk•Changes to statutes, regulations, or regulatory policies or practices, including capital and liquidity requirements and any credit card interest caps, and the enforcement and interpretation of such laws and regulations, and U.S. Bancorp’s ability to address or satisfy those requirements and other requirements or conditions imposed by regulatory entities;Business (Item 1)
Also named by SYF
Bank Secrecy Act / Anti-Money Laundering laws
subject tonamed as a riskFederal regulators regularly examine BSA/Anti-Money Laundering (“AML”) and sanctions compliance programs to ensure their adequacy and effectiveness, and the frequency and extent of such examinations and related remedial actions have been increasing.Business (Item 1)
Community Reinvestment Act (CRA)
subject toUSBNA received an “Outstanding” CRA rating in its most recent examination, covering the period from January 1, 2016 through December 31, 2020.Business (Item 1)
Also named by ALLY, AMP, AUB, CFG, CFR, EFSC, EWBC, FCNCA and 20 more
Volcker Rule
subject toThe Volcker Rule applies to the Company, USBNA and their affiliates, and compliance requirements are tailored based on the size and scope of trading activities.Business (Item 1)
Also named by AMP, BAC, GS, HBAN, MS, NTRS, PNC, RJF and 5 more
Payment Card Industry Data Security Standards (PCI DSS)
subject toAdditionally, the Company continually works to align its policies and practices with industry-accepted information security practices as provided by the National Institute of Standards and Technology Cybersecurity Framework (NIST CSF), Payment Card Industry Data Security Standards (PCI DSS), and other applicable standards, laws, and regulations.Cybersecurity (Item 1C)
Also named by BBY, CAVA, DG, DLTR, FND, HD, JKHY, KR and 2 more